EURUSD - Trends, Forecasts and Implications (Part 3) - page 662
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By Friday's trading results May futures contracts for US WTI grew by $2.49, to $112.79 per barrel; for Brent, which forms the basis for Russian Urals, by $3.98, to $126.65 per barrel. Since Monday morning WTI futures went down by $0.05 and Brent by $0.82, after Muammar Gaddafi agreed with proposals of African Union representatives to settle the situation in Libya. In the Forex market, the euro is losing ground to the dollar: by 11.34 Moscow time, the euro was $1.4464 (Friday - $1.4483). At the end of last week the euro hit new highs since the beginning of the year. The decline of the US currency was stopped by the US Congress that approved the reduction of the state expenditures for the current fiscal year.
Congressmen could not come to an agreement: Republicans insisted on spending cuts of $60bn in the current budget, while Democrats agreed only to $33bn. The decision to cut spending items by $38bn became a compromise. If it was not reached, all federal agencies would have to stop functioning, which has not happened in the USA for 15 years. "Concerns centred around the risk of a complete shutdown of the US government.
That threat has been avoided for the time being, so we are seeing a rally in the US dollar," Bloomberg quoted Bank of New Zealand currency analyst Mike as saying.
But the euro is prevented from falling by monetary policy tightening in the eurozone: the European Central Bank has raised its key rate by 0.25%, to 1.25% per annum, in a bid to curb inflation. "ECB interest rates today are more than 1% higher than the rates set by the US Federal Reserve," says Nikolai Podlevskikh, head of the analytical department at IC Zerich Capital Management. "Speculators are probably aiming for $1.45 per euro, but the validity of a move higher raises serious concerns. There is no reason for optimism. Portugal's request for a bailout package from the European Union is not such a reason. The experience of Greece and Ireland has more than clearly demonstrated that with the receipt of this money the complications in the economy are only beginning," explains FxPro financial analyst Alexander Kuptsikevich.
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Read more:http://news.mail.ru/economics/5685529/
Ooooooohhhhh, what a kindergarten this is all the same, there are some clever heads around...
If you guys are looking for a normal, current analysis of the situation - look for other resources, and better not in runet of course.
P.S. I don't want to offend anyone))
Ooooooohhhhh, what a kindergarten this is all the same, there are some clever heads around...
If you guys are looking for a normal, current analysis of the situation - look for other resources, and better not in runet of course.
P.S. I don't want to offend anyone))
Ooooooohhhhh, what a kindergarten this is all the same, there are some clever heads around...
If you guys are looking for a normal, current analysis of the situation - look for other resources, and better not in runet of course.
P.S. I don't want to offend anyone))
There is a lot of junk here without my humble opinion (in this particular branch)!
On programming in mql - yes, there is something to read and someone to consult with, but in terms of analysis of the market situation....
But English + google - and go ahead ;-)
There is a lot of junk here without my humble opinion (in this particular branch)!
On programming in mql - yes, there is something to read and someone to consult with, but in terms of analysis of the market situation....
But English + google - and go ahead ;-)
Ooooooohhhhh, what a kindergarten this is all the same, there are some clever heads around...
If you guys are looking for a normal, current analysis of the situation - look for other resources, and better not in runet of course.
P.S. I don't want to offend anyone))
They were the first to launch a man into space, not counting dogs. Billionaires overtook them all. Soros versus our domestic thieves... I mean, speculators, he's a horse's ass. We are not going anywhere, we are well fed here!